Whales Gobble Up Bitcoin As Top Crypto Asset Tracks Sideways This Week, According to Analytics Firm IntoTheBlock - The Daily Hodl

The Daily Hodl
The Daily Hodl

18 Nov 2023 9:00 PM

A leading blockchain analytics firm says whales are accumulating Bitcoin (BTC) as the top crypto asset tracks sideways this week after its propulsive price action earlier this month....

  • Whales are accumulating Bitcoin as the price remains stable.
  • Addresses with over 1,000 BTC now hold 7.67 million BTC worth nearly $280 billion.
  • Bitcoin's adoption rate reached a yearly high of 67.62%.
  • Bitcoin leads all layer-1 blockchains with 960,000 daily active addresses.
  • Litecoin is "surprisingly close" with 797,000 daily active addresses.
  • Ethereum ranks third with 405,000 daily active addresses.

The article provides positive news about Bitcoin's whale accumulation, adoption rate, and daily active addresses.

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What is the current price of Bitcoin?How much Bitcoin do addresses with over 1,000 BTC hold?Which cryptocurrency has the highest adoption rate?How many daily active addresses does Litecoin have?What is the price of Ethereum at the moment?

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